A blockbuster trade that would send Kevin Garnett[1] and Paul Pierce[2] from the Celtics[3] to the Nets[4] in exchange for a multitude of draft picks and several players has been agreed upon by both teams, according to multiple reports late Thursday night.

Multiple outlets are reporting that the Nets would get Pierce, Garnett and Jason Terry[5], while Brooklyn will send three first-round picks (2014, 2016 and 2018) to the Celtics, along with Kris Humphries, Gerald Wallace[6], Kris Joseph, MarShon Brooks and Keith Bogans (via sign-and-trade).

The move caps off an eventful week for the Celtics, who also saw longtime coach Doc Rivers[7] depart for the Clippers.

According to Yahoo! Sports, the final piece of the puzzle came when Garnett waived his no-trade clause after Brooklyn agreed to guarantee the $12 million owed him for the 2014-15 season, the final year of a three-year deal. (The Nets could have bought out Garnett for $6 million.) Yahoo! also reports that the trade can’t be made official by the NBA until July 10.

Reportedly, the Celtics also discussed potential Garnett and Pierce trades with the Warriors and Mavericks.

The deal officially ends the Big Three era in Boston. Garnett and Ray Allen[8] (who left last offseason for Miami as a free agent) were brought to Boston in the summer of 2007 to join with Pierce, a longtime Celtic who was drafted by Boston in 1998. Alongside guard Rajon Rondo[9], the nucleus of the team delivered the 17th championship in franchise history the following June, defeating the Lakers for the NBA title.